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carlp • Oct 31, 2024, 10:45 am EDT

Florida CFO Proposes Bitcoin as Pension Fund Asset

Florida’s Chief Financial Officer, Jimmy Patronis, has proposed a plan that could put Florida at the forefront of bitcoin adoption. In a recent letter to the Florida State Board of Administration (SBA), Patronis recommended establishing a “strategic Bitcoin reserve” and evaluating Bitcoin as a potential addition to the state’s pension funds. His aim? To diversify Florida’s retirement portfolio and provide state workers—from teachers to firefighters—a hedge against traditional financial volatility. Bitcoin as “Digital Gold”: A Hedge Against Economic Uncertainty In his letter, Patronis emphasized Bitcoin’s unique position as “digital gold,” highlighting how Bitcoin’s decentralized nature could serve as a counterbalance

3 minutes

carlp • Feb 19, 2024, 11:38 am EST

Florida Continues to Lead the Way in Legislative Cooperation

Florida’s Legislative Strides in Blockchain and Bitcoin: Pioneering a Crypto-Friendly Future Florida’s recent legislative session, heavily influenced by the efforts of the Florida Blockchain Business Association (FBBA) and key industry players including our own Byte Federal, Inc., has seen significant developments and wins for the bitcoin and blockchain ecosystem. These legislative moves position Florida as a frontrunner in the digital currency space, aligning with a global ecosystem that is increasingly embracing blockchain technology. Overview of Key Blockchain and Bitcoin Legislation The session’s highlight is the array of bills that reflect a keen interest in integrating blockchain technology and bitcoin into

3 minutes

jennyl • Oct 16, 2023, 1:49 pm EDT

Byte Federal Enables First Ever Gas Purchase via Bitcoin’s Lightning Network

In a thrilling milestone, Byte Federal proudly reports a groundbreaking transaction: a motorist seamlessly paid for gasoline with Bitcoin’s Lightning Network on October 13th, thanks to Byte Federal’s cutting-edge merchant system. This versatile system offers retail and online businesses a seamless Bitcoin and cryptocurrency payment solution. In the beta testing phase, it’s currently available in select states, with more to follow soon. Notably, all fees are temporarily waived during this beta phase. Once fully launched, Byte Federal will offer tiered fee levels to facilitate businesses, including a no-fee option for small enterprises. This merchant program aligns with Byte Federal’s mission to support circular economies, complementing their broader crypto ecosystem innovations, including their Lightning-enabled ATM network and a forthcoming non-custodial wallet. If you’re in Florida, experience this crypto revolution at Sarasota’s Palmer Market Shell station. For further details, reach out to us at [email protected]. SOCIALS:

2 minutes

Samuel Armes • Aug 8, 2023, 2:34 pm EDT

The Florida Blockchain Business Association: 2023 Initiative Update

The Florida Blockchain Business Association has set the pace for 2023 with robust achievements in legislation and financial innovation through its grassroots committee approach. The Florida Blockchain Business Association(FBBA) has set the pace for 2023 with robust achievements in legislation and financial innovation. Our number one goal is to remain adaptable to the political and technical environment around us, while ensuring our objectives are still achieved. The FBBA’s committees have been hard at work, tackling some of the most pressing issues in the blockchain industry thus far. Here’s an overview of some of the efforts of four of our committees

5 minutes